Belrise Industries Share Price Surges on Stock Market Debut

Market Performance

Belrise Industries made a strong debut on the stock exchanges on May 28, reflecting positive market sentiment.

• NSE Listing Price: ₹100 per share (11.11% premium over the issue price of ₹90)
• BSE Listing Price: ₹98.50 per share (9.44% premium)

The robust listing underscores strong investor interest in Belrise Industries' share price from day one.

Main News

The ₹2,150 Crore Initial Public Offering (IPO) of Belrise Industries saw overwhelming demand during the subscription window from May 21 to May 23.

Subscription Highlights:

• Overall Subscription: 43.14 times the available shares
• Total Bids: 721.33 Crore shares for 16.72 Crore available
• Retail Investors: 4.52 times subscribed
• Non-Institutional Investors (NIIs): 40.58 times
• Qualified Institutional Buyers (QIBs): 112.63 times

This enthusiastic response helped drive up Belrise Industries' share price on its first day of trading.

Company Details

Belrise Industries Limited, founded in 1988, is a locally owned and operated automotive component manufacturer. The company provides critical solutions to various segments, including:

• Two-Wheelers & Three-Wheelers
• Passenger & Commercial Vehicles
• Agri-Vehicles

Product Portfolio Includes:

• Automotive sheet metal and casting parts
• Suspension systems and chassis systems
• Mirror assemblies and polymer components
• Body-in-white components and exhaust systems

Belrise Industries plays a vital role in India's auto manufacturing ecosystem, supplying essential parts to a broad client base.

IPO Structure

The IPO was a pure fresh issue of 23.89 Crore shares with no offer-for-sale component.

Key Allocation:

• QIBs: Minimum 20%
• NIIs: Up to 15%
• Retail Investors: 35%

Minimum Investment:

• Lot Size: 166 shares
• Retail Entry Price: ₹14,110

Use of IPO Proceeds:

• ₹1,618 Crore allocated for loan repayment or pre-payment
• Remaining funds for general corporate purposes

The issue was managed by Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets, with MUFG Intime India serving as the registrar.

Summary

Belrise Industries' share price impressed the markets with a double-digit listing premium, reflecting strong demand and market confidence. Backed by a robust product lineup and extensive reach across the Indian auto sector, the company's IPO performance reinforces its emerging industry presence.

The successful listing and significant oversubscription signal strong investor trust in Belrise Industries' growth story.